2019 Crypto Budget Plan

[leonair]

I think this is more of your lifestyle budget plan, it's just that you allotted a $50 for cryptocurrency.

I respect your techniquie in doing your expenditure this past 4 months and not everybody can do that though because many of us and even me are spending alot of money on leisure most of the time and forget to budget my income on a monthly basis.

[1715330806]

1715330806

[Adriano2010]

Indeed a plan is need, i also put something like 20% on crypto of i get every month and i mostly invest on bitcoin only, and i will hold for long, but sometimes i do small trades and sometimes i get extra coins.

[pawanjain]

First things first, no amount is small until it makes you feel happy at the end of the day. Besides that I earn less than what you earn and to be honest I am still happy with whatever I have got.
It's because I get to do what I like while still making money for it. Even if you invest $50 a month consecutively, it will yield you a fairly decent amount of profit at the end.
In my opinion, you should consider adjusting your investments in a way that it earns you more profit.

[Kemarit]

I guess we can all follow that the OP has posted here. I mean it's a sound and fundamental way of creating a budget stick to it and then see how it goes. But it could be adjusted depending on how much we earn per month. And I'm assuming this is your take-home for a regular 9-5 job right? Some individuals cannot even stick to their budget for a week, how much more for months in which the OP is practicing. We will not tell you the risk because obviously you already know it that's why you still chooses to invest so goodluck to you and hope that others could learn as well.

[shield132]

To my mind econony is something that you can't plan. Well, maybe you plan but pretty soon you'll have to change your plan because of some unwanted things. If you plan your budget, then need help from family members too (they have to earn their own salaries). When whole family is on your budget, you are in rent and etc, it becomes very hard. Btw your situation is different OP but that's pretty bad feeling when you have to move out of your comfort zone (have to turn from your budget plan).
I agree with you on saving some money in crypto, that's really great. At least you lose very small amount of money or otherwise you gain a solid profit.

[bering]

If all of it according to the tittle of this thread i think it's very simple that basically your budget for crypto investment is 10% from your monthly salary and i think it was good if you consistently did it for each month possibly your crypto asset were increasing the value and for a year you will have approximately worth to $600 from your crypto asset

[creeps]

Indeed a plan is need, i also put something like 20% on crypto of i get every month and i mostly invest on bitcoin only, and i will hold for long, but sometimes i do small trades and sometimes i get extra coins.

Living a life without any plan is useless, in cryptocurrency we should know how to budget and know how to manage our money. Its good to set aside fix amount whether its monthly or weekly and invest it on cryptomarket, I honestly have more time making plans for the whole month and execute it well. Its hard to focus on your plans, just try to do everything and don't broke that plan for your short term happiness.

[Oceat]

A very well planned budget for your lifestyle but you should expect some emergency budget too because most of the time when the least you expect the expenses the more it will show and surprise you. But at least you still invested in crypto even though it is not that big yet it is still enough to regrow it back since you are trading too.

[harizen]

As others might mislead, people don't have to follow literally what OP does. What you need to do is also to create your own diversification of your earnings. OP does have it's own therefore it will be different if applied to others.

Since obviously, there are many factors that affect our diversification strategy e.g lifestyle, status, source of income, bills, etc. people can't just follow what others did. That's why takes time making a budget plan.

Honestly, it's a must to have a budgeted plan. It's should be the common approach to our own funds.

[1Referee]

If he is investing all his "investing" money to cryptocurrencies then it is not a smart move anyway.

If you're investing in shitcoins, then sure, it's not a smart move, but if you just buy Bitcoin every now and then, you can't go wrong if you have patience.

I dollar cost averaged from the $6000 level down to almost the bottom, and sure, I bought in too soon last year when the price started tanking, but with how the price has gone up in the last weeks, every dollar paper loss turned into a paper profit. I even did some dollar cost averaging between $6000-$7000 and it's only a matter of time before these paper losses turn into paper profits. Patience is key here.

You need to understand and accept that the price can go down a lot after your purchase(s). Most people assumed that the price could only go up, but the bear market was a much needed eye opening experience for them.

[uneng]

A plan like that is very important to keep our financial life organized and to let us elaborate better our short, medium and long term goals.
Most people don't have a plan and this lack of organization makes them find themselves always confused on why they never have money, or worse, on why they always have debts. Important to highlight that as more you save (investing), more you will have in the future to spend (from a fixed passive income).

[maxreish]

I was firstly very much interested in the title of your thread since I was very weak at budgeting. You're so lucky you bought a motorcycle with your gambling profits. Looks like you are so systematize and organize with the money management. I was just surprised that there some kind of things like this. I've learned something from this. Thanks for sharing, man. Crypto Budgeting is something we have to integrate.

[Reid]

The budget of a single man.
That could have been the title.

Me? I also have my own budget and my income monthly is larger then yours. The difference is I have two kids who needs milking and diapers.

Sometimes that gets to the way into all your savings. Better look unto that too.
I didnt read any savings from your division of money.
We cannot get away from all this crypto currency market and I do think it is still a good idea to make it stable. Consider it as your investment and also your savings.

[Lawrenzoo]

The budget of a single man.
That could have been the title.

Me? I also have my own budget and my income monthly is larger then yours. The difference is I have two kids who needs milking and diapers.

Sometimes that gets to the way into all your savings. Better look unto that too.
I didnt read any savings from your division of money.
We cannot get away from all this crypto currency market and I do think it is still a good idea to make it stable. Consider it as your investment and also your savings.

LOL. budgets on those kids alone is something else, i really give myself kudos when i am able to survive this and still be able to make investment in crypto from time to time. I guess its because i am not just an extravagant person.

[Muzika]

500$ per month is a nice number, you can really manage to had a plan on it, specially when you were living without a family ( a spouse and child) and had nothing to spend for others. Also if you were living on the country that has a low cost of living like asian country I guess since you said you were living in family oriented county.

[fauzan Ichsan]

The budget of a single man.
That could have been the title.

Me? I also have my own budget and my income monthly is larger then yours. The difference is I have two kids who needs milking and diapers.

Sometimes that gets to the way into all your savings. Better look unto that too.
I didnt read any savings from your division of money.
We cannot get away from all this crypto currency market and I do think it is still a good idea to make it stable. Consider it as your investment and also your savings.

even when we are single we should put more investment, I am single and $ 5,000 is a big number for me every month. I also saw the absence of savings, and I regretted it, because while we were young we had to prepare for a better life later

[davis196]

Do you spend money for electricity,internet,phone bills?
Those type of bills take a lot of my monthly income,but it's going to get better next year.
It's always good to have control over your costs,but nowadays people use credit cards,overdrafts,loans,etc.
which shows how incompetent they are when it comes to personal finance.

[BlueStackz]

There is something I really want to understand on what you have written here. - are you still single or you're married? Cause I don't really know how $60 can be enough for you to feed yourself and also pay for transportation in a month? Unless maybe things are very cheap in your country. Where I live it us not like that,cause I spend more than that in a month and it gets more than that when you're a man with family.

Well, the main truth is that everyone can't live the same kind of lifestyle ,yours might cost you less,but there are people that will have to spend more than that. Do you pay rent and bills? That adds to everything on the list.

[Adhichan]

The budget of a single man.
That could have been the title.

Me? I also have my own budget and my income monthly is larger then yours. The difference is I have two kids who needs milking and diapers.

Sometimes that gets to the way into all your savings. Better look unto that too.
I didnt read any savings from your division of money.
We cannot get away from all this crypto currency market and I do think it is still a good idea to make it stable. Consider it as your investment and also your savings.

even when we are single we should put more investment, I am single and $ 5,000 is a big number for me every month. I also saw the absence of savings, and I regretted it, because while we were young we had to prepare for a better life later

while we in young we have more time to prepare our future.and also we still feel strong to work hard in any place.if we able to save our money in investing ,when we be old man we will have much money from this investment.

[BrewMaster]

a very good plan and thanks for starting this topic, some of the comments here were good. the only thing left is to stick to it and increase your revenue and networth.

i have a similar one too but i am taking bigger risks. i am not a big risk taker but when it comes to bitcoin (which is the bulk of my investment) i want to gain more profit and for that i have to take bigger risks.
but what i do in addition is that i usually cash out a part of the profit that i earn from trading altcoins back to fiat to both be able to enjoy the profit as i work hard for it and also reduce the risks i am taking so that things don't get out of hand.